State Bank of India (SBI) has informed BSE that the Bank has entered into definitive agreement with T. Rowe Price for proposed divestment of 6.5% stake in UTI Asset Management Company and UTI Trustee Company. SBI currently holds 25% share in each of the above Company. Post divestment, SBIs shareholding in each of these Companies will be reduced to 18.5%.
The transaction is subject to requisite Statutory and Regulatory approvals.
| NIFTY 
